Hedging China’s Minsky Moment

An options play for those who worry that China’s stock market is in danger of topping out.

By

Steven M. Sears

Oct. 23, 2017 9:52 p.m. ET

It has been a long time since investors had to contend with anything but complacent central bankers trying to heal the global economy from the financial crisis. But Zhao Xiaochuan, the governor of the People’s Bank of China, seems intent on a different approach.